Africa Plant Protein Market - Growth, Trends, COVID-19 Impact, and Forecasts (2023 - 2028)

The Africa Plant Protein Market is segmented by Product into Wheat Protein, Soy Protein, Pea Protein and Other Products; by Form into Protein Isolates, Protein Concentrates and Textured Proteins; by Application into Bakery, Meat Extenders and Substitutes, Dietary Supplements, Beverages, Snacks, and Other Applications; and by Geography.

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Africa Plant Protein Market Size

Africa Plant Protein Market Size
Study Period: 2018 - 2028
CAGR: 5.9 %

Major Players

Africa Plant Protein Market Major Players

*Disclaimer: Major Players sorted in no particular order
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Africa Plant Protein Market Analysis

The Africa Plant Protein Market is projected to register a CAGR of 5.9%during the forecast period (2020-2025).

  • The demand for plant proteins in Africa has increased, owing to the need for protein, growth of the population, a rising economy, growing health concerns among consumers, and innovation in plant proteins, which are some of the driving factors for the plant protein market in Africa.
  • Sports persons, health-conscious and weight-conscious individuals, and other adult age groups are the main consumers of plant protein. Various infant formula products enriched with plant proteins, protein bars, and drinks have covered the major market in the region.
  • Soy protein is dominating in the region owing to the wide applications and availability, followed by wheat protein.Plant protein market is mainly import-dependent in the region.

Africa Plant Protein Industry Segmentation

The Africa Plant Protein Market is segmented by Product into Wheat Protein, Soy Protein, Pea Protein and Other Products. The market is segmented by Form into Protein Isolates, Protein Concentrates and Textured Proteins. The market is segmented by Application into Bakery, Meat Extenders and Substitutes, Dietary Supplements, Beverages, Snacks, and Other Applications. Regional analysis of the market is also included.

By Product Type
Wheat Protein
Soy Protein
Pea Protein
Other Products
By Form
Protein Isolate
Protein Concentrate
Textured Proteins
By Application
Bakery
Meat Extenders and Substitutes
Dietary Supplements
Beverages
Snacks
Other Applications
Geography
South Africa
Nigeria
Kenya
Rest of Africa

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Africa Plant Protein Market Trends

This section covers the major market trends shaping the Africa Plant Protein Market according to our research experts:

Soy Protein Dominates The Market

Soy protein holds the major share in the market and is driven by functional efficiency, cost competitiveness offered and their increasing utilization, in a wide variety of processed foods, especially in the ready-to-eat product category. Soy has a substantial amount of proteins, which are healthy for all age groups, and it also helps in keeping the body fit. The soy protein obtained from de-hulled and defatted soy meal is sold as soy flour, soy protein concentrate, and soy protein isolate. With the growing popularity of the market players are developing unique extraction methods to optimize the production process, which will make the market more lucrative.

Africa Plant Protein Market Share

South Africa Holds A Major Share

Changing consumer lifestyles and rising healthcare expenditure are playing a vital role in the growth of the plant protein market in the country. Moreover, the flourishing growth of the retail sector is escalating the growth of the market. The concerns over clean labels, ease of digestion, the need for avoiding allergy-causing substances, and sustainability among the public are adding the demand for plant proteins, in the country. Plant ingredients in sports nutrition constitutes the major share in the market, followed by animal feed. Manufacturers in South Africa are constantly embracing open innovation to gain cost-leadership and fixed suppliers in the early development stage.

Africa Plant Protein Market Growth

Africa Plant Protein Industry Overview

Africa Plant Protein Market is a consolidated and competitive market with the major players dominating the market. In order to increase their market share, companies are focusing on new innovative products, by targeting the new source of plant proteins, such as hemp and chia. Some of the major players operating in the market are Archer Daniels Midland, Cargill Inc. etc.

Africa Plant Protein Market Leaders

  1. Cargill

  2. ADM

  3. DuPont

  4. Philafrica Foods

*Disclaimer: Major Players sorted in no particular order

Archer Daniels Midland, Cargill Inc

Africa Plant Protein Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions & Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

    1. 3.1 Market Overview

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Porter's Five Forces Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Product Type

      1. 5.1.1 Wheat Protein

      2. 5.1.2 Soy Protein

      3. 5.1.3 Pea Protein

      4. 5.1.4 Other Products

    2. 5.2 By Form

      1. 5.2.1 Protein Isolate

      2. 5.2.2 Protein Concentrate

      3. 5.2.3 Textured Proteins

    3. 5.3 By Application

      1. 5.3.1 Bakery

      2. 5.3.2 Meat Extenders and Substitutes

      3. 5.3.3 Dietary Supplements

      4. 5.3.4 Beverages

      5. 5.3.5 Snacks

      6. 5.3.6 Other Applications

    4. 5.4 Geography

      1. 5.4.1 South Africa

      2. 5.4.2 Nigeria

      3. 5.4.3 Kenya

      4. 5.4.4 Rest of Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Adopted Strategies

    2. 6.2 Market Share Analysis

    3. 6.3 Company Profiles

      1. 6.3.1 Cargill, Inc.

      2. 6.3.2 Archer Daniels Midland Company

      3. 6.3.3 DuPont, Inc.

      4. 6.3.4 Kerry Group

      5. 6.3.5 Glanbia plc

      6. 6.3.6 Philafrica Foods

      7. 6.3.7 Ingredion, Inc.

      8. 6.3.8 Tate & Lyle plc

      4. *List Not Exhaustive

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Africa Plant Protein Market Research FAQs

The Africa Plant Protein Market is studied from 2018 - 2028.

The Africa Plant Protein Market is growing at a CAGR of 5.9% over the next 5 years.

Cargill, ADM, DuPont, Philafrica Foods are the major companies operating in Africa Plant Protein Market.

Africa Plant Protein Industry Report

Statistics for the 2023 Africa Plant Protein market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Africa Plant Protein analysis includes a market forecast outlook to 2028 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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